Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Update

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,061 shares, a decline of 93.7% from the July 15th total of 16,712 shares. Based on an average daily volume of 86,210 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Symrise Stock Down 0.8%

Shares of SYIEY stock opened at $26.16 on Wednesday. Symrise has a 12 month low of $19.31 and a 12 month high of $26.91. The company has a 50 day simple moving average of $24.86 and a two-hundred day simple moving average of $22.80.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SYIEY. The Goldman Sachs Group cut shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group raised Symrise to a “hold” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Symrise currently has a consensus rating of “Hold”.

Symrise Company Profile

Symrise AG is a global supplier of fragrances, flavors, cosmetic active ingredients and raw materials for the food and beverage, personal care and household industries. Headquartered in Holzminden, Germany, the company develops scent and taste solutions that are used in a wide range of consumer products, from perfumes and personal care formulations to soft drinks, confections and savory seasonings.

The company’s core business is organized into two divisions. The Flavors & Nutrition division creates taste concepts, food ingredients and texture solutions that enhance the sensory appeal and nutritional profile of a variety of foods and beverages.